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Havila Shipping ASAOSL:HAVI +8.14%52 Debt-to-EBITDA is 18.97 as of Mar. 2026, which is 313% above its 10-year median of 4.59. GuruFocus rates OSL:HAVI with a GF Score™ of 52/100 and a GF Value™ of kr2.63 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 866 Transportation companies, Havila Shipping ASA ranks worse than 82.33% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Havila Shipping ASA's Debt-to-EBITDA or its related term are showing as below:
OSL:HAVI'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -10.02 Med: 4.59 Max: 24.14
Current: 6.41
During the past 13 years, the highest Debt-to-EBITDA Ratio of Havila Shipping ASA was 24.14. The lowest was -10.02. And the median was 4.59.
OSL:HAVI's Debt-to-EBITDA is ranked worse than 82.33% of 866
companies
in the Transportation industry
Industry Median: 2.65
vs OSL:HAVI: 6.41
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Havila Shipping ASA Debt-to-EBITDA Related Terms
Havila Shipping ASA Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Havila Shipping ASA's Debt-to-EBITDA can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Marine Shipping subindustry, Havila Shipping ASA's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Havila Shipping ASA Debt-to-EBITDA vs Transportation Industry
For the Transportation industry and Industrials sector, Havila Shipping ASA's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Havila Shipping ASA's Debt-to-EBITDA falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
Havila Shipping ASA (OSL:HAVI) has a Debt-to-EBITDA of 18.97 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Havila Shipping ASA. This is 313% above median its historical median of 4.59. According to the industry distribution chart, Havila Shipping ASA ranks #713 out of 866 companies in the Transportation industry, placing it in the top 82.3%.
Is Havila Shipping ASA's Debt-to-EBITDA too high?
Havila Shipping ASA's current Debt-to-EBITDA of 18.97 is 313% above median its 10-year median of 4.59. The Transportation industry median Debt-to-EBITDA is 2.65. Havila Shipping ASA's value of 18.97 is 615.8% above this industry median. Based on the distribution chart, Havila Shipping ASA ranks #713 out of 866 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Havila Shipping ASA has a GF Score™ of 52/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Havila Shipping ASA's Debt-to-EBITDA compare to competitors?
According to the Transportation industry distribution chart, Havila Shipping ASA ranks #713 out of 866 companies for Debt-to-EBITDA. This places Havila Shipping ASA in the lower half of its industry. The industry median Debt-to-EBITDA is 2.65. Havila Shipping ASA's value of 18.97 is 615.8% above this benchmark. While the company's 10-year median is 4.59 vs. the industry median of 2.65, Havila Shipping ASA has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Transportation company?
The median Debt-to-EBITDA among Transportation companies is 2.65, based on 866 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Havila Shipping ASA's current Debt-to-EBITDA of 18.97 is 615.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Havila Shipping ASA. For the Transportation industry, the median Debt-to-EBITDA is 2.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Havila Shipping ASA's current Debt-to-EBITDA is 18.97, which is 313% above median its own 10-year median of 4.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Havila Shipping ASA stock overvalued right now?
Based on GuruFocus' analysis, Havila Shipping ASA (OSL:HAVI) is currently considered Possible Value Trap. The stock's GF Value™ is kr2.63, compared to a current price of kr1.20 — trading 54.6% below its estimated fair value. The current Debt-to-EBITDA is 18.97, which is 313% above median its 10-year median of 4.59 and 615.8% above the Transportation industry median of 2.65. Havila Shipping ASA's overall GF Score™ is 52/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Havila Shipping ASA (OSL:HAVI), the current Debt-to-EBITDA is 18.97 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Havila Shipping ASA (OSL:HAVI) Overvalued in 2026?
Based on GuruFocus' analysis, Havila Shipping ASA stock appears to be undervalued.
The current stock price of kr1.20 is trading 54.6% below its estimated GF Value™ of kr2.63.
GuruFocus considers Havila Shipping ASA to be Possible Value Trap.
Key valuation signals for OSL:HAVI:
Debt-to-EBITDA: 18.97 (313% above median its 10-year median of 4.59)
GF Value™: kr2.63 vs. price of kr1.20 (54.6% below fair value)
Industry Position: 615.8% above the Transportation median (#713 of 866)
No single metric tells the full story. See the OSL:HAVI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Havila Shipping ASA is a supplier of quality assured supply services to the offshore industry, nationally as well as internationally. Its segment includes Platform Supply Vessel, Rescue recovery Vessel, Subsea operations vessels, and Non-allocated. The group generates revenue mainly from customers located in Norway, the UK, Denmark, Belgium, Iceland, and the Netherlands. The group generates the majority of its revenue from the Platform Supply Vessel segment.
52GF Score
Get the complete analysis for OSL:HAVI
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